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Watch Newsnight online: Episode 127 05/07/2011

Tonight on Newsnight, Richard Watson has new information on the latest hacking allegations being laid at the News of the World's door. We will be discussing the story and its fallout with former tabloid editor Alastair Campbell and News of the World insider Paul McMullan. Then talking about the future of newspapers will be Huffington Post chief Arianna Huffington and the new editor of The Independent Chris Blackhurst. Justin Rowlatt reports on what the loss of 1,400 jobs at train maker Bombardier says about the British approach to manufacturing and procurement deals, and about the Coalition's growth strategy. And Paul Mason has a strong film about Pathfinder housing scheme in Stoke-on-Trent, part of John Prescott's grand regeneration plan, and the devastating consequences of cutting funding for it.

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